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AquaExchange

“Can an IoT-first aquaculture platform become the financial and operational OS for the global shrimp farmer?”

Founded2020
HQBhimavaram, Andhra Pradesh, India
FoundersPavan Kosaraju, Hemasundar D, Kareemullah Md, Kiran Kumar
Total raised~$20.9M (disclosed on LinkedIn)
Latest roundSeries B
IndustryVertical SaaS / Aquaculture
The story

Founded in 2020 as a marketplace mobile app connecting Indian shrimp farmers to hatcheries, feed suppliers and consultants, AquaExchange has evolved into a vertically-integrated 'One Smart Ecosystem' for aquaculture — IoT hardware (PowerMon, AquaBot, feeders, water sensors) plus a farm-management app, layered with flexible financing, crop-disease insurance and market connectivity for farmers. The embedded-finance angle (lending + insurance for farmers) is positioned as part of the value chain rather than as a standalone fintech product, and vendor partners behind these financial services are not publicly disclosed.

Last 12 months
2024-06
2024-05
2026-10-22
Product timeline
2020
AquaExchange founded in Bhimavaram, India as a marketplace app connecting aqua farmers with hatcheries, feed providers, and consultants.· pivot
2024
Expanded IoT device footprint (PowerMon, AquaBot, feeders, water-quality monitors) to ~20,000 devices across 80,000 acres in 4 countries.· banking
2024
Recognized by Global Seafood Alliance for responsible IoT tooling in Indian shrimp farming.· pivot
The stack
1 layer disclosed in AquaExchange’s embedded-finance stack
Lending
Flexible Financing (own-brand farmer financing)
Accounting gap: minor

AquaExchange — frequently asked

Who founded AquaExchange?

AquaExchange was founded by Pavan Kosaraju, Hemasundar D, Kareemullah Md and Kiran Kumar and is founded in 2020, headquartered in Bhimavaram, Andhra Pradesh, India.

How much funding has AquaExchange raised?

AquaExchange has raised ~$20.9M (disclosed on LinkedIn) in total (latest round: Series B).

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